Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assignment 3 On Blackboard (under Market Data) you will find the following two files: Futures End of Day Prices - Dec 31, 2018, Futures End
Assignment 3 On Blackboard (under "Market Data") you will find the following two files: Futures End of Day Prices - Dec 31, 2018, Futures End of Day Prices- Jan 23, 2019 Use these two files and perform the following profit/loss calculations: 1. On Dec 31, 2018, an investor engaged in the following Futures transactions: Short 12 future contracts Gold (CMX), Apr 19 Long 80 future contracts Copper (CMX), July 19 Short 10 future contracts Crude Oil (NYM), Jun 19 Short 16 future contracts Wheat (CBOT), Sep 19 Long 80 future contracts Coffee "C" (ICE), May 19 Long 10 future contracts Palladium (NYM), Jun 19 Short 20 future contracts Soybeans (CBOT), Aug 19 Long 3 future contracts S&P 500 (CME) Jun 19 Short 8 future contracts S&P 500 E-Mini (CME) Sep 19 Short 7 future contracts Nasdaq 100 E-Mini (CME) Jun 19 - - - - - - 2. On Jan 23, 2019, the investor closed all futures positions via an offset transaction Calculate a) the profit/loss in $ between Dec 31 and Jan 23 for each of the positions above b) the overall profit/loss in$ Always use closing/settlement prices for the profit/loss calculations. Assignment 3 On Blackboard (under "Market Data") you will find the following two files: Futures End of Day Prices - Dec 31, 2018, Futures End of Day Prices- Jan 23, 2019 Use these two files and perform the following profit/loss calculations: 1. On Dec 31, 2018, an investor engaged in the following Futures transactions: Short 12 future contracts Gold (CMX), Apr 19 Long 80 future contracts Copper (CMX), July 19 Short 10 future contracts Crude Oil (NYM), Jun 19 Short 16 future contracts Wheat (CBOT), Sep 19 Long 80 future contracts Coffee "C" (ICE), May 19 Long 10 future contracts Palladium (NYM), Jun 19 Short 20 future contracts Soybeans (CBOT), Aug 19 Long 3 future contracts S&P 500 (CME) Jun 19 Short 8 future contracts S&P 500 E-Mini (CME) Sep 19 Short 7 future contracts Nasdaq 100 E-Mini (CME) Jun 19 - - - - - - 2. On Jan 23, 2019, the investor closed all futures positions via an offset transaction Calculate a) the profit/loss in $ between Dec 31 and Jan 23 for each of the positions above b) the overall profit/loss in$ Always use closing/settlement prices for the profit/loss calculations
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started